DMarket price is $0.00209081
As for the current price, DMarket (DMT) is priced at $ 0.00209081. Over the last 24 hours, DMT's price has increased by +0.00%%.
DMarket (DMT) is a decentralized marketplace for game assets, functioning as the bridge between virtual games and tangible commodities. An innovative aspect of DMarket is the tokenization of in-game items, where any item is represented as a blockchain token. With an approximate 2.3 billion gamers worldwide, there’s plenty of room for growth in this new economy revolving around digital assets estimated worth $450 billion.
Two types of assets exist on DMarket: virtual Steam items tied to particular games, and DMarket Blockchain items, internal assets tradable on the DMarket blockchain. Users can sell in-game items for real-world currency (USD) or DMT, DMarket's own cryptocurrency.
While there is no specific information available about the founders of DMarket, it is clear that the platform is created by a team of individuals passionate about the intersection of gaming, blockchain and e-commerce.
DMarket primarily operates by enabling users to sell Steam items for USD or DMC (DMarket's native currency), or DMarket items for DMC. The process is pretty straightforward. Users have to link their Steam account to their DMarket account to trade Steam items. On the other hand, DMarket items can be traded without linking to Steam.
Upon registering on DMarket, users receive a DMC wallet where they can store their DMC and DMarket items. All wallets and transactional activities are logged on the public blockchain. Furthermore, DMarket boasts its own block explorer.
In view of the growing demand for a central game asset trading platform, DMarket represents a future-proof use case. Their strategic partnerships across the gaming community, game developers and gamers have solidified the platform's longevity even beyond its proprietary blockchain phase.
What sets DMarket apart is its blend of gaming and blockchain technology. It creates a fluid economy where virtual in-game assets now hold real-world value visibly transferred and tracked on a blockchain. With both virtual Steam items and DMarket Blockchain items available, DMarket provides users with multiple trading options. Additionally, DMarket is not restricted to the Steam gaming platform as its blockchain items can be traded independently, marking the platform’s versatility.
DMarket also offers an inherent cryptocurrency (DMC), further strengthening its autonomy in the gaming and blockchain space. Perhaps what's most unique about DMarket is its recognition of the ever-expanding gaming industry and its determination to monetize digital assets within this domain.
DMarket ranks #2954 in terms of market capitalization, currently having a market capitalization of $ 0.1M.
The circulating supply of DMT is currently 51.1M, of an overall total supply of 56.9M.
DMarket (DMT) can be purchased on the following exchanges: YoBit. Please be aware that platform availability can vary. Always make sure to use trusted platforms and undertake a thorough due diligence process when purchasing cryptocurrencies.
Storing your DMT safely entails several best practices. Spend time researching and selecting a secure wallet, preferably a hardware wallet for long-term storage. Enable two-factor authentication whenever possible, keep your software updated to the latest version, and never share your private keys with anyone. Additionally, always be cautious of phishing websites and scams. Don’t send cryptocurrencies to unverified addresses and only trade on trusted platforms.
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